American Homes 4 Rent (NYSE:AMH) Position Raised by AQR Capital Management LLC

AQR Capital Management LLC lifted its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 120.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,563 shares of the real estate investment trust's stock after purchasing an additional 81,218 shares during the period. AQR Capital Management LLC's holdings in American Homes 4 Rent were worth $5,527,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. bought a new stake in shares of American Homes 4 Rent in the 4th quarter worth approximately $26,000. National Pension Service bought a new stake in shares of American Homes 4 Rent in the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp lifted its holdings in shares of American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 392 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of American Homes 4 Rent by 77.2% in the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 607 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 375 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Trading Down 1.2%

AMH traded down $0.47 on Wednesday, hitting $37.21. The company had a trading volume of 433,943 shares, compared to its average volume of 2,172,429. The company's fifty day moving average price is $36.61 and its 200 day moving average price is $36.45. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The firm has a market cap of $13.77 billion, a P/E ratio of 34.45, a PEG ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. The company had revenue of $459.28 million during the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share. As a group, equities analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Friday, June 13th. American Homes 4 Rent's dividend payout ratio (DPR) is currently 111.11%.

Insider Activity

In other American Homes 4 Rent news, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the sale, the chief accounting officer now owns 99,214 shares in the company, valued at $3,870,338.14. The trade was a 29.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jack E. Corrigan bought 4,000 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were purchased at an average price of $23.42 per share, with a total value of $93,680.00. Following the acquisition, the director now directly owns 12,000 shares in the company, valued at approximately $281,040. This trade represents a 50.00% increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.32% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Scotiabank boosted their price objective on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research report on Monday. Mizuho reduced their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. StockNews.com raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and reduced their target price for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Finally, Barclays upped their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 12th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $40.86.

American Homes 4 Rent Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.